bounce back to 59k in May updated
Hi guys,
just updating my chart a little bit, everything is still valid
- just added the Adam and Eve pattern in red, so you can also see with that pattern we could get the same technical target of 59k range
all depends on what will happen really next month, because the running flat scenario where we possibly can hit 74k is still in play as well
we will know more next month.. for now everything according to plan, but my main idea still stays the same, we are likely going to form a long ABCDE triangle this year
which only got enforced yesterday with FOMC rate hike plans, so a lot of sideways action imo this year.. good for traders, not as great for investors but not as much high risk as well, so it's a trade off
Stay safe - Stay (covid) negative
-The Dang Oracle
just updating my chart a little bit, everything is still valid
- just added the Adam and Eve pattern in red, so you can also see with that pattern we could get the same technical target of 59k range
all depends on what will happen really next month, because the running flat scenario where we possibly can hit 74k is still in play as well
we will know more next month.. for now everything according to plan, but my main idea still stays the same, we are likely going to form a long ABCDE triangle this year
which only got enforced yesterday with FOMC rate hike plans, so a lot of sideways action imo this year.. good for traders, not as great for investors but not as much high risk as well, so it's a trade off
Stay safe - Stay (covid) negative
-The Dang Oracle
